Zaggle Prepaid Ocean Services Limited announced a significant milestone by turning Operating Cash Flow (OCF) positive in the second quarter of FY27 (Q2 FY27). This achievement, reported at both standalone and consolidated levels, marks a step towards a more sustainable operating model. The company also witnessed strong traction in its loyalty and rewards segment, contributing to revenue growth across Zaggle and Greenedge. Further, Zaggle has expanded its international presence by establishing Zaggle Holdings Limited in Abu Dhabi Global Market (ADGM).
Zaggle Achieves Operating Cash Flow Positivity
Zaggle Prepaid Ocean Services Limited has reported a significant financial achievement by turning Operating Cash Flow (OCF) positive for the second quarter of Fiscal Year 2027 (Q2 FY27). This positive OCF was recorded at both the standalone and consolidated levels, signalling a strengthened and more scalable operating model for the company.
Strong Performance Across Segments
On the business front, Zaggle experienced notable performance in its loyalty and rewards segment. Increased festive season activity bolstered this segment, leading to revenue growth across both its core Zaggle platform and the Greenedge business. Additionally, the recent acquisition of Dice has begun contributing to SaaS revenues, further enhancing the company’s technology-led revenue streams.
Integration and Expansion
The integration of the acquired Dice entity is progressing well, with approximately 70% of customer contracts novated. This acquisition has expanded Zaggle’s enterprise network, onboarding marquee clients such as Hindalco, Trident, Bajel, Aakash Educational Services, and IDFC First Bank. On the international front, Zaggle has taken a strategic step to expand its global footprint by establishing Zaggle Holdings Limited in the Abu Dhabi Global Market (ADGM). This move provides a platform for future growth in the region.
Strategic Focus Areas
Looking ahead, Zaggle’s strategic priorities include strengthening its core business operations, enhancing cash flow generation, continuing the integration of its acquisitions, and scaling its Artificial Intelligence (AI) capabilities across its platforms. The company highlighted its expanding enterprise relationships, a diversified product portfolio, and its growing international presence as key drivers for sustainable and profitable growth.
Source: BSE
